In a 1989 deal, millions of dollars worth of Pepsi were bartered for 20 decommissioned warships which were immediately sold for scrap. PepsiCo never owned the '6th most powerful navy' in the world after a deal with the Soviet Union.Hastings made the story up to summarize Netflix's value proposition, and Netflix's founders were actually inspired by Amazon. Netflix was not founded after its co-founder Reed Hastings was charged a $40 late fee by Blockbuster.While no va does mean 'it doesn't go' in Spanish, nova was easily understood to mean 'new'. The Chevrolet Nova sold very well in Latin American markets General Motors did not need to rename the car.Santa Claus had already taken this form in American popular culture and advertising by the late 19th century, long before Coca-Cola used his image in the 1930s. The common image of Santa Claus (Father Christmas) as a jolly old man in red robes was not created by The Coca-Cola Company as an advertising gimmick.The backronyms were jokes published in 19. The company was named after its founder Adolf 'Adi' Dassler in 1949. Adidas is not an acronym for 'All day I dream about sports', 'All day I dream about soccer', or ' All day I dream about sex'.Ī photo of Adolf Dassler, the namesake for Adidas ( c. Legal tender laws in the United States do not state that a private business, a person, or an organization must accept cash for payment, though it must be regarded as valid payment for debts when tendered to a creditor.Some common misconceptions are also considered to be urban legends, and they are often involved in moral panics.Īrts and culture Business They generally arise from conventional wisdom (such as old wives' tales), stereotypes, superstitions, fallacies, a misunderstanding of science, or the popularization of pseudoscience. These entries are concise summaries of the main subject articles, which can be consulted for more detail.Ī common misconception is a viewpoint or factoid that is often accepted as true but which is actually false. You can help by adding missing items with reliable sources.Įach entry on this list of common misconceptions is worded as a correction the misconceptions themselves are implied rather than stated. This is a dynamic list and may never be able to satisfy particular standards for completeness.

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